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20 of 60 unique stocks in common · Jaccard: 33.3%
A weighted portfolio overlap of 32.01% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.01 is allocated to the exact same companies at the same relative proportions. The schemes share 20 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 3.85% in Nippon India Nifty Alpha Low Volatility 30 Index Fund and 9.45% in UTI Nifty 50 Index Fund. Holding both schemes increases your concentration in ICICI Bank rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in Nippon | in UTI |
|---|---|---|
| ICICI BankBanks | 3.85% | 9.45% |
| State Bank of IndiaBanks | 3.22% | 3.98% |
| Bharti AirtelTelecom - Services | 3.19% | 5.00% |
| Reliance IndustriesPetroleum Products | 2.81% | 7.83% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 3.65% | 1.91% |
| Titan CompanyConsumer Durables | 3.36% | 1.91% |
| Maruti Suzuki IndiaAutomobiles | 2.63% | 1.60% |
| NTPCPower | 3.86% | 1.41% |
| Hindalco IndustriesNon - Ferrous Metals | 3.80% | 1.33% |
| Ultratech CementCement & Cement Products | 2.67% | 1.23% |
| Bajaj AutoAutomobiles | 4.15% | 1.22% |
| Grasim IndustriesCement & Cement Products | 3.69% | 1.15% |
| JSW SteelFerrous Metals | 3.50% | 1.11% |
| Asian PaintsConsumer Durables | 2.78% | 1.09% |
| Eicher MotorsAutomobiles | 3.12% | 0.99% |
| Nestle IndiaFood Products | 3.94% | 0.97% |
| Coal IndiaConsumable Fuels | 2.67% | 0.87% |
| Apollo Hospitals EnterpriseHealthcare Services | 3.97% | 0.83% |
| SBI Life Insurance CompanyInsurance | 3.36% | 0.71% |
| Tata Consumer ProductsAgricultural Food & Other Products | 2.52% | 0.61% |
Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.